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AI Insights:
03.12 08:40 UpdatedFair Value Reasoning:
While Trump narrowly carried NJ-09 in the 2024 presidential election, signaling a demographic shift, 2026 serves as the first midterm election under a Republican administration. Historical trends (the 'midterm penalty') strongly favor the opposition party in House races. Incumbent Nellie Pou retains a significant advantage, and her performance in a lower-turnout midterm is likely to exceed the presidential baseline, aided by New Jersey's Democratic machinery. The current market price (Dem ~75c) is slightly conservative; considering midterm turnout dynamics often disfavor Trump-specific coalitions, the fair value is positioned at the upper end of the 'Likely Democratic' range.
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